They're Laughing in Mountain View
Street Smart
10/24/2011 11:41:27 AM
Here's an FAQ for Groupon to answer:
Q: HOW relieved is Google right about now?
A: SIX BILLION DOLLARS worth!
Sorry, everyone. Mom turning 70 was more important than looking at the blog. I hope you understand.
Check out the following story from here in Chicago. You'll see that others have to wonder what the roadshow will look like.
http://www.chicagobusiness.com/article/20111024/NEWS07/111029915/heres-what-mason-has-to-do-to-sell-groupon-in-his-ipo-roadshow
Say what you will, but I want to believe that this will be a good IPO--provided that Groupon can explain the voting rights that the founders will get over the rest of the posse. When you have this much money going into a company, you don't want to tick people off.
Anyone want to take a stab at how much the valuation will come out at?
Re: If they want the IPO to succeed.
tokyogai
10/24/2011 8:41:32 AM
I agree completely. They now have so many competitors I can't count them. I wonder how well they will hold up over time.
Re: How many energy left for the real work
philtheinvestor
10/23/2011 3:24:15 PM
Value Hiker,
But if the objective is to build a bigger, better industry monster, the $$ matters alot. If their goal is to use those funds to provide better services than competitors, you must do it... right?
Great ideas on how Groupon can try to make lemonade from their toxic lemon brew, but I think they've revealed their ignorance.
Honestly, we were looking at how LinkedIn had fared in the aftermarket and thinking that the bloom might be off the rose, no?
And then to watch Reed Hastings toss his oars overboard as his ship has been sinking hasn't been a confidence-inspiring sight either.
Makes me wonder if these executives haven't had more luck than sense... Personally, I'm not paying for management that isn't up to the task of, um, managing. WWWD? (What would Warren do?) Not that!
Re: How many energy left for the real work
Dex
10/23/2011 5:44:37 AM
I'm skeptical too Michael. This is not a company I'd rush to invest in - short or long term.
How many energy left for the real work
Value Hiker
10/22/2011 6:11:59 PM
The management team at Groupon spent so much energy & time on the IPO pumping. I seriously doubt their real focus is not to build a great business, but take money from investors.
Re: If they want the IPO to succeed.
mInvestor
10/22/2011 1:54:38 PM
Actually I think Groupon has a workable business model. By using its serivce, most uses look the way they are doing. But I agree with you guys this IPO hype is not normal. I don't see any reason that they can get an IPO success as Google did. Meanwhile, Google launch its own web deal business "ShiHui" in China. It's still i beta version. Being interesting to find out how does it panning out.
I had no idea that Groupon had blundered so many times...interesting
Re: If they want the IPO to succeed.
ProfR
10/22/2011 10:22:07 AM
Ashish,
You are right. You need to give investors some upside if you want them to kick in.
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